High level clouds. Mild.
The gold price soared to six-year highs in August. Will the rally continue? And what does this mean for miners of the yellow metal?
It is unclear how exactly multinational mining giant Anglo American came to the $101m “best estimate” it announced this week for settling its liability in the now 13-year-old legal battle to compensate mine workers suffering from lung diseases.
Greenfield exploration spending is almost non-existent among the large mining companies, leaving them scrambling to find replacement and growth reserves.
But Gold Fields denies it wants to merge with AngloGold.
Nico Muller, who was previously in charge of Gold Fields' South Deep mine, is now taking up the reins at Impala Platinum. We take a look at the challenges that await him there.
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